ShoreTel recognized the promise of the Voice over Internet Protocol (VoIP) market early on. VoIP is one technology that continues to grow ¨C 37% in 2002, according to the market research firm InfoTech. This trend is expected to continue, taking annual VoIP sales from $950 million today to at least $3 billion by 2006 as businesses replace traditional PBXs, key systems and Centrex service. ShoreTel is expanding even faster than the market, doubling year over year from 2002 to 2003.Since its first installation in 1998, the company has sold more than 1,600 systems and shipped more than 100,000 ports. Now